With progress in US-Iran talks toward a durable peace deal, regional shipping
has risen and crude flows through the Strait of Hormuz are at their highest
level since the outbreak of war. Vessel-tracking shows three US‑sanctioned
VLCCs—Elva, Virgo and Vigor—entered the strait on Monday carrying about 6 mln
barrels of Iranian crude, en route to waters off Singapore. The tankers loaded
at Kharg Island, Iran’s main export terminal, adding to roughly 20 mln barrels
recently exported from Chabahar in the Gulf of Oman. The shipments indicate Iran
is rapidly restoring crude production and resuming loadings from Kharg as
cargoes can now reach global markets unimpeded.